Oireachtas Joint and Select Committees

Thursday, 19 April 2018

Public Accounts Committee

Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council

9:00 am

Mr. John McCarthy:

No, sorry, it is an additional €400 million so the figure would go from €2.7 billion to €3.1 billion. That is the ballpark calculation at this time. However, who is to know if the EU might cut expenditure because there is a larger pot. There are many moving parts. I do not know if it is a best or worst case scenario but if one assumes that the entire pot must be made up by the remaining 27 states, that is what our contribution would be.